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Jersey Oil and Gas PLC

Jersey Oil and Gas enjoys 100% North Sea licensing success

It has now built significant offshore acreage around its Verbier discovery

Jersey Oil and Gas PLC -
This latest portfolio addition – won during the 31st Supplementary Offshore Licensing Round - brings with it an additional 14mln barrels in the form of the Glenn oil discovery

Jersey Oil and Gas PLC (LON:JOG) has enjoyed a 100% success rate in the latest North Sea licensing round after acquiring Block 21/2a in the Greater Buchan Area.

It has now built significant offshore acreage around its Verbier discovery after landing three additional blocks last month hosting an estimated 100mln barrels of oil equivalent.

This latest portfolio addition – won during the 31st Supplementary Offshore Licensing Round - brings with it an additional 14mln barrels in the form of the Glenn oil discovery.

Chief executive Andrew Benitz said he was “delighted” by the company’s latest success.

Quick facts: Jersey Oil and Gas PLC

Price: £2.28

Market: LSE
Market Cap: £49.77 m
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Investor Update: Jersey Oil & Gas awarded Greater Buchan acreage

Headlines from the Proactive UK newsroom. Jersey Oil and Gas PLC (LON:JOG) has confirmed it has landed new acreage from the UK government’s 31st Supplementary Offshore Licensing Round. The North Sea explorer told investors that following the completion of paperwork it has now been formally...

2 days, 19 hours ago

2 min read